U.S. sales of individual indexed annuities and other non-variable annuities were a little softer in the third quarter than they were in the second quarter.
Non-variable annuities generated about $20 billion in sales in the third quarter, down 11% from the total for the third quarter of 2016, according to the latest Sales & Market report from Wink.
In the second quarter, sales of non-variable annuities were 9.3% lower than in the second quarter of 2016.
Sales of indexed annuities fell 10.5%, year-over-year, to about $13 billion.
In the second quarter, sales of indexed annuities were down just 5.6%.
Agents who sold indexed annuities received commissions averaging 4.95% of the premiums for the third quarter, according to Wink. That average was down from 5.38% for the third quarter of 2016.
